Central Lake
Community Development District

Proposed Budget FY2027

Table of Contents

1

2-5

6

7

Water & Sewer Fund

Water & Sewer Narrative

Water & Sewer Capital Reserve Fund

Reservation & Maintenance Fund

8-9	Reservation & Maintenance Narrative

Central Lake
Community Development District Proposed Budget
FY2027
Water & Sewer Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Revenues:		
Water Revenue	$	276,395	$	160,703	$	87,955	$	248,658	$	245,000	
Sewer Revenue	233,460	154,884	77,419	232,302	232,302	
Wholesale Sewer Revenue - Venezia/Talichet	139,086	96,499	49,913	146,412	156,391	
Wholesale Sewer Revenue - Boondocks	4,538	3,120	1,621	4,740	5,078	
Wholesale Sewer Revenue - ESE Center	4,500	3,117	1,047	4,164	4,250	
Wholesale Sewer Revenue - BishopsGate	27,024	28,310	-	28,310	30,240	
Mission Inn Irrigation	9,000	4,937	2,582	7,519	7,500	
Las Colinas HOA Irrigation	32,500	34,370	16,030	50,400	50,000	
Miscellaneous Income	1,500	1,030	500	1,530	1,500	
CIAC-Meter Fees	-	-	-	-	-	
CIAC-Utility Expansion	443,702	1,146,705	-	1,146,705	443,702	
Interest	2,500	54,386	21,000	75,386	6,000	
Total Revenues	$	1,174,205	$	1,688,060	$	258,066	$	1,946,126	$	1,181,963	
Expenditures:						
Administrative:						
Engineering Fees	$	3,500	$	57,180	$	27,820	$	85,000	$	24,000	
Attorney	25,000	1,641	5,465	7,106	25,000	
Annual Audit	3,350	-	3,500	3,500	3,700	
Management Fees	45,000	30,000	15,000	45,000	47,250	
Information Technology	1,947	1,298	649	1,947	2,044	
Website Maintenance	1,298	865	433	1,298	1,363	
Telephone	25	-	13	13	25	
Postage	2,200	1,272	600	1,872	2,200	
Printing & Binding	550	217	150	367	550	
Insurance	4,834	4,319	-	4,319	4,750	
Legal Advertising	2,500	580	1,921	2,500	2,500	
Office Supplies	500	217	240	457	600	
Other Current Charges	1,200	-	600	600	1,200	
Bank/ACH Fees	3,500	2,023	1,200	3,223	3,500	
Property Taxes	1,300	1,057	-	1,057	1,300	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative:	$	96,879	$	100,844	$	57,590	$	158,434	$	120,157	
Operations:						
Property Insurance	$	26,498	$	24,338	$	-	$	24,338	$	24,500	
Electric	175,500	81,497	40,000	121,497	175,500	
Backup Fuel	500	-	250	250	500	
Chemicals	15,000	7,304	5,221	12,525	15,000	
Dues, Licenses & Subscriptions	2,650	-	2,650	2,650	2,650	
Labor	8,634	5,756	2,878	8,634	8,634	
Mowing	2,250	1,203	1,045	2,248	2,250	
Plant Lease	181,521	121,014	604,318	725,332	185,986	
Repairs & Maintenance	45,000	97,111	22,889	120,000	100,000	
Sludge Pumping	40,000	-	20,000	20,000	40,000	
Utility Maintenance	105,170	41,753	29,825	71,578	105,170	
Capital Outlay	30,901	27,350	-	27,350	50,000	
Total Operations:	$	633,624	$	407,327	$	729,076	$	1,136,403	$	710,190	
Reserves						
Capital Reserve Transfer	$	443,702	$	-	$	443,702	$	443,702	$	351,615	
Total Reserves	$	443,702	$	-	$	443,702	$	443,702	$	351,615	
						
Total Expenditures	$	1,174,205	$	508,171	$	1,230,368	$	1,738,539	$	1,181,963	
						
Excess Revenues (Expenditures)	$	0	$	1,179,889	$	(972,302)	$	207,587	$	0	

REVENUES:
WATER REVENUE
Represents charges for potable water consumption to the District’s utility customers. The fee is based upon adopted rates set by the District’s Board of Supervisors.

SEWER REVENUE
Represents charges for wastewater treatment to the District’s utility customers. The monthly fee is
$46.05 per residential sewer account for customers connected to potable water and sewer service and $52.63 per residential account for customers connected only to sewer service.

WHOLESALE SEWER REVENUE
Represents sewer only charged to Town of Howey in the Hills, for meter sewer from the ESE Center based on monthly usage, Boondocks Restaurant which pays a flat rate per month and Bishops Gate and Mission Carmel Condominium Association which pays a flat rate annually.

MISSION INN IRRIGATION
Represents all the irrigation water used for Mission Inn Resort property.

LAS COLINAS HOA IRRIGATION
Currently there are 20 accounts, which represent irrigation water used by the HOA.

MISCELLANEOUS INCOME
Each new account that is added to the Utility System or change in resident is charged an activation fee. The District anticipates 4 new/changed connections for Fiscal Year 2027, and the current rate is $50 per account. Also, included in this category are the late fee penalties and disconnection fees.

CIAC/METER FEES
Each new account that is added to the Utility System is charged for Contribution in Aid of Construction (CIAC) and a meter fee and the proposed charges are as follows:

CIAC – Water	$2,327.25	
CIAC – Sewer	$5,250.00	
Meter Fee	$545.56	

INTEREST
Represents estimated interest from invested funds.

EXPENDITURES:

ADMINISTRATIVE:
ENGINEERING FEES
The District's Engineer will be providing general engineering services to the District, i.e., attendance and preparation for Board of Supervisors’ meetings, review of invoices and requisitions and various projects assigned as directed by the Board of Supervisors and the District Manager.

ATTORNEY FEES
The District’s legal counsel, Stone & Gerken, P.A., will be providing general legal services, i.e. attendance and preparation for Board of Supervisors’ meetings, review operating and maintenance contracts, etc. The expense will be split 50/50 with the RAM fund.

ANNUAL AUDIT
The District is required by Florida Statutes to contract with an independent certified public account for an audit of its financial records on an annual basis. The District has contracted with DiBartolomeo, McBee, Hartley & Barnes for this service.

MANAGEMENT FEES
The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

INFORMATION TECHNOLOGY
The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, Adobe, Microsoft Office, etc.

WEBSITE MAINTENANCE
The District has contracted with Governmental Management Services-Central Florida, LLC for the cost associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

TELEPHONE
Telephone and fax expenses.

POSTAGE
The charges for the mailing of Board meeting agendas, checks for vendors, invoices for utility billing customers and any other required correspondence.

PRINTING & BINDING
Printing and binding agenda packages for Board meetings, printing of utility bills, stationary, envelopes, etc.

INSURANCE
The District currently has General Liability and Public Officials’ coverages with Florida Insurance Alliance (FIA). FIA specialized in providing insurance coverage for governmental agencies. This expense will be split 50/50 with the RAM fund.

LEGAL ADVERTISING
The District is required to advertise various notices for Board meetings, public hearings, etc. in a newspaper of general circulation.

OFFICE SUPPLIES
The District incurs charges for supplies that may need to be purchased during the fiscal year including copier and printer toner cartridges, paper, pens, file folders, labels, paper clips, binders and other such office supplies.

OTHER CURRENT CHARGES
Represents miscellaneous expenses such as automated notification services provided to account holders.

BANK/ACH FEES
Represents estimated costs for monthly bank services that include online bank drafting, credit card and e-check payments and portal maintenance.

PROPERTY TAXES
The District currently has two folios with ad valorem taxes that are paid annual to Lake County Tax Collector. This expense is split 50/50 with the RAM fund.

Parcel: 2620250003-000-01300
Parcel: 2720250001-000-02400

DUES, LICENSES & SUBSCRIPTIONS
The District is required to pay an annual fee to the Department of Commerce for $175.

OPERATIONS:

PROPERTY INSURANCE
The District currently has Property coverage with Florida Insurance Alliance (FIA). FIA specialized in providing insurance coverage for governmental agencies. This expense will be split 50/50 with the RAM fund.

ELECTRIC
The District currently has six (6) accounts with Duke Energy. They are as follows:

Account#	
Address	Monthly
Amount	Annual
Amount	
9100 8904 1731	26325 Avenida Las Colinas Lift	$100	$1,200	
9100 8904 1905	10400 County Road 48, Wtr Trmt Plant	$1,490	$17,880	
9100 8904 2097	26325 Avenida Las Colinas Sewer Plant	$12,300	$147,600	
9100 8904 2295	10400 County Road 48, Waste Water Plant	$150	$1,800	
9100 8904 2500	9251 Avenida San Pablo Lift Station	$35	$420	
9100 8904 2675	26000 Avenida Las Colinas	$150	$1,800	
	Contingency		$4,800	
Total			$175,500	

BACKUP FUEL
Represents estimated costs for purchase of fuel for backup generators.

CHEMICALS
The District purchases various chemicals used in conjunction with the wastewater treatment plant.

DUES, LICENSES & SUBSCRIPTIONS
Represents any necessary dues and licenses associated with the operation of the water and wastewater facility.

LABOR
The District utilizes employees of Mission Inn Resort to perform various services on behalf of the District.

Description	Monthly
Amount	Annual
Amount	
Onsite Contracted Services	$720	$8,634	
Total	$8,634	

MOWING
The District utilizes employees of Mission Inn Resort to mow/maintain District property. This expense will be allocated 20% to Water & Sewer and 80% to RAM.

PLANT LEASE
The lease rent paid to Sewer & Water Plant Investments, LLC. Fee is paid as a fixed monthly amount, plus year end surplus revenues calculated based upon agreement with the District.

REPAIRS & MAINTENANCE
Represents all maintenance and repair work performed in the District water facility.

SLUDGE PUMPING
The District must have sludge pumped from the plant, transported out for treatment and disposal.

UTILITY MAINTENANCE
The District will contract with a vendor to service water and wastewater systems to insure reliability. The monthly plant inspection, collection and analysis of samples, well monitoring etc. General Utilities is currently providing these services. This expense is allocated a 75% to Water & Sewer and 25% to RAM.

CAPITAL OUTLAY
Represents estimated costs for capital outlay related expenses.

TRANSFER OUT – CAPITAL RESERVE
Represents costs to be transferred to the Capital Reserve Fund.

Community Development District Proposed Budget
FY2027
Water & Sewer Capital Reserve Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Revenues:		
Transfer In	$	443,702	$	-	$	443,702	$	443,702	$	351,615	
Interest	90,000		-	-	-	-	
Total Revenues	$	533,702	$	-	$	443,702	$	443,702	$	351,615	

Expenditures:						
Capital Outlay	$	100,000	$	-	$	-	$	-	$	-	
Total Operations:	$	100,000	$	-	$	-	$	-	$	-	
						
Total Expenditures	$	100,000	$	-	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	433,702	$	-	$	443,702	$	443,702	$	351,615	
						
Fund Balance - Beginning	$	-	$	-	$	-	$	-	$	443,702	
						
Fund Balance - Ending	$	433,702	$	-	$	443,702	$	443,702	$	795,317	

Community Development District Proposed Budget
FY2027
Reservation & Maintenance Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Revenues:		
RAM Sewer Revenue	$	260,712	$	174,598	$	87,065	$	261,663	$	261,194	
Miscellaneous Income	-	1,079	60	1,139	-	
Interest	2,400	1,409	625	2,034	1,800	
Total Revenues	$	263,112	$	177,086	$	87,750	$	264,836	$	262,994	

Expenditures:						
Administrative:						
Attorney	$	25,000	$	3,989	$	5,465	$	9,454	$	25,000	
Postage	150	13	7	20	150	
Insurance	4,834	4,319	-	4,319	4,750	
Other Current Charges	500	-	250	250	500	
Property Taxes	1,300	1,057	-	1,057	1,300	
Total Administrative:	$	31,784	$	9,378	$	5,722	$	15,100	$	31,700	
Operations:						
Property Insurance	$	26,498	$	24,338	$	-	$	24,338	$	24,500	
Mowing	8,995	4,812	4,180	8,992	8,995	
Operating Supplies	7,500	-	3,750	3,750	7,500	
Permits	5,000	5,000	-	5,000	5,000	
Refuse Service	900	478	239	717	900	
Repairs & Maintenance	26,000	-	13,000	13,000	26,000	
Utility Maintenance	32,763	13,918	9,942	23,859	32,763	
Capital Outlay	123,673	21,578	-	21,578	125,636	
Total Operations:	$	231,329	$	70,124	$	31,111	$	101,234	$	231,294	
						
Total Expenditures	$	263,112	$	79,502	$	36,833	$	116,334	$	262,994	
						
Excess Revenues (Expenditures)	$	-	$	97,585	$	50,917	$	148,502	$	0	

REVENUES:
RAM REVENUE
The District adopted a Reservation and Maintenance Fee (“RAM Fee”). The Sewer RAM fee is $6.00 per month per equivalent residential connection (ERC) for undeveloped lands within the CDD wastewater service area and undeveloped lands within the Town of Howey-in-the-Hills subject to the Wholesale Wastewater Service Agreement.

MISCELLANEOUS INCOME
Represents penalties on RAM accounts for late payment of monthly charges. The rate is 1.5% per month on outstanding balances.

INTEREST
The District generates funds off of funds invested with the State Board of Administration.

EXPENDITURES: ADMINISTRATIVE:
ATTORNEY FEES
The District’s legal counsel, Stone & Gerken, P.A., will be providing general legal services, i.e. attendance and preparation for Board of Supervisors’ meetings, review operating and maintenance contracts, etc. The expense will be split 50/50 with the Water & Sewer fund.

POSTAGE
The charges for the mailing of Board meeting agendas, checks for vendors, invoices for utility billing customers and any other required correspondence

INSURANCE
The District currently has General Liability and Public Officials’ coverages with Florida Insurance Alliance (FIA). FIA specialized in providing insurance coverage for governmental agencies. This expense will be split 50/50 with the Water & Sewer fund.

OTHER CURRENT CHARGES
Represents bank charges and any other expenses incurred during the fiscal year.

PROPERTY TAXES
The District currently has two folios with ad valorem taxes that are paid annual to Lake County Tax Collector. This expense is split 50/50 with the Water & Sewer fund.

Parcel: 2620250003-000-01300
Parcel: 2720250001-000-02400

OPERATIONS:
PROPERTY INSURANCE
The District currently has Property coverage with Florida Insurance Alliance (FIA). FIA specialized in providing insurance coverage for governmental agencies. This expense will be split 50/50 with the Water & Sewer fund.

MOWING
The District utilizes employees of Mission Inn Resort to mow/maintain District property. This expense will be allocated 20% to Water & Sewer and 80% to RAM.

OPERATING SUPPLIES
Represents estimated costs of any supplies purchased for onsite operations, repairs and maintenance not included in other budgeted line items.

PERMITS
Represents estimated costs for any permit fees that may be required during the fiscal year.

REFUSE SERVICE
The District has a contract with Waste Management for the rental of a dumpster.

Account#	
Address	Monthly
Amount	Annual
Amount	
16-45237-03006	10400 County Road 48 Treatment Plant
Contingency	$70	$840
$60	
Total			$900	

REPAIRS & MAINTENANCE
Represents all maintenance and repair work performed in the facility.

UTILITY MAINTENANCE
The District will contract with a vendor for service the water system to insure reliability. The monthly plant inspection, collection and analysis of samples, well monitoring etc. General Utilities is currently providing these services.

CAPITAL OUTLAY
Represents estimated costs for capital outlay expenses.